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NatWest Markets N.V.’s branches are located in Germany (Frankfurt), France (Paris), Sweden (Stockholm) and Italy (Milan).
In November 2019, NatWest Markets N.V. became a subsidiary of NatWest Markets Plc. Prior to this it was an indirect subsidiary of the NatWest Group plc.
NatWest Markets N.V.’s Supervisory Board, Managing Board and their committees are shown below. The Managing Board and Senior Committees report into NatWest Markets N.V.’s Supervisory Board.
Supervisory Board
The Supervisory Board is responsible for exercising supervision over the Managing Board and the overall business within NatWest Markets N.V. Members are: Maarten Klessens, Julio Alvaro, Sylvie Billion, Carola von Schmettow, Robert Begbie and Annelies van der Pauw.
The Supervisory Board delegates authority to the Managing Board and to the Board Risk Committee, Audit Committee, Performance and Remuneration Committee and Nomination Committee.
Board Risk Committee
The Board Risk Committee is responsible for providing oversight and advice to the Supervisory Board in relation to current and potential future risk exposures of NatWest Markets N.V. and future risk strategy, including risk appetite and tolerance; and the effectiveness of the risk management framework and (in conjunction with the Audit Committee) internal controls required to manage risk.
Audit Committee
The Audit Committee assists the Supervisory Board in carrying out its responsibilities relating to accounting policies, internal control and financial reporting functions. The Committee also manages the processes for both Internal and External Audit.
Performance and Remuneration Committee
The Performance and Remuneration Committee is responsible for approving the Remuneration Policy, overseeing its implementation and reviewing performance and remuneration arrangements.
Nomination Committee
The NomCo has a key role in assessing the suitability, diversity and composition of the Managing Board and Supervisory Board and therefore in the appointment and termination of members.
Managing Board
The Managing Board is collectively responsible for the proper organisation, continuity, management and control of the Company, its subsidiaries and participations.
Members are: Vincent Goedegebuure, Cornelis Visscher, Britta Achmann and Mickey van Wieringen. The Chairman of the Managing Board (Vincent Goedegebuure) leads the management of the company to achieve its performance goals and ambitions, and is the main point of liaison with the Supervisory Board. The Managing Board delegates authority to the Risk and Control Committee and Asset and Liability Management Committees.
Risk & Control Committee
The Risk & Control Committee oversees the risk framework within NatWest Markets N.V., monitors its actual risk profile and advises the Managing Board in relation to credit, market, operational and regulatory risk within NatWest Markets N.V.
Asset & Liability Management Committee
The Managing Board has delegated to the Asset & Liability Management Committee responsibility for management of capital, liquidity, interest rate risk and foreign exchange risk. This includes, among other tasks, responsibility for reviewing, approving and allocating balance sheet, capital, liquidity and funding limits.
Disclosure Committee
The Disclosure Committee advises and assists the Managing Board in fulfilling its responsibilities for overseeing the accuracy and timing of public disclosures made by NatWest Markets N.V. This includes reviewing and advising on the adequacy of the design and establishment of controls and procedures.
More information
NatWest Markets N.V. is one of the principal and material regulated subsidiaries of the NatWest Group plc. In November 2019, NatWest Markets N.V. became a principal and material regulated subsidiary of NatWest Markets Plc. Since then, NatWest Markets N.V. forms part of the NatWest Markets Group, and Non Ring Fenced Bank, which consists of NatWest Markets Plc and its c.135 subsidiaries which collectively operate as a global business with shared NatWest Markets customers, functions and resources across a number of global regions including Europe, US, Asia Pacific (APAC) and India.
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